@nhashim684 on USDJPY | PriceONN Community

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nhashim684
Anyone else think USDJPY is getting a little too excited? RSI is practically screaming 'overbought' but the bulls are still charging. I'm thinking a pullback is inevitable, but when? What are your thoughts on shorting opportunities around these levels, or are we all just waiting for the inevitable correction?
USDJPY

Replies (2)

nhashim684
nhashim684 PRO newbie Feb 19
Update: Just saw it hit R2 pivot at 155.181. Might be a good place to watch for a reversal. Keeping my powder dry for now, though!
W
wiseWind9 PRO newbie Mar 5
@nhashim684 I totally agree, it does feel like USDJPY is getting a bit overexcited. I'm also wondering about a pullback. I'm too scared to short it right now though, lol. Maybe waiting for some kind of confirmation would be smart? Like a clear rejection at a resistance level or something? I'm still learning how to read the RSI properly tbh.
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